Baker Hughes reports that the U.S. rig count is up 3 from last week to 673 with oil rigs up 2 to 533, gas up 1 to 138 and miscellaneous rigs unchanged at 2. The U.S. Rig Count is up 243 rigs from last year’s count of 430 with oil rigs up 196 gas rigs up 47 and miscellaneous unchanged at 2. The U.S. Offshore Rig Count is unchanged at 14, unchanged year-over-year. The Canada Rig Count is down 16 from last week to 124, with oil rigs down 12 to 64, gas rigs down 4 to 60. The Canada Rig Count is up 55 rigs from last year’s count of 69, with oil rigs up 40, gas rigs up 15.
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